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20130103
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ABC
Jan 1, 2013 6:30pm EST
house. hastily leaving a meeting of house republicans today, eric cantor, the second highest ranking republican in the house, announced even he was opposed. >> i do not support the bill. >> reporter: house republicans objected because the bill including virtually no spending cuts. in fact, the deal would actually add nearly $4 trillion to the deficit over the next ten years. mostly thanks to the cost of extending those tax cuts for everybody making under $400,000. >> there's no spending cuts. we're adding $4 billion a day to the debt. and we feel like the senate bill failed miserably. >> reporter: if they don't get their act together, the consequences will be immediate. the pentagon has already drafted notices to 800,000 civilian employees warning they may be put on unpaid leave. and those tax increases triggered today will start to hit our paychecks this week. the average family, seeing a tax increase of almost $3,500. there is intense pressure on house republican leaders to resolve this before the stock market opens tomorrow morning. they are hearing from business leaders. they are
Search Results 0 to 1 of about 2 (some duplicates have been removed)